My Analysis for USD/CAD:
1. I see a downward trend continuation after formation of a Descending Triangle there.
2. Price is expected to go down to Support Level at 1.38067 and retrace a bit back to current price before gaining momentum downwards to Support Level 1.35710.
Requests:
1. Please comment with advise on;
a) My trends line (if they're drawn well)
b) best chart settings/time-frames to do analysis on
c) the perfect way to analyze charts.
Thank you.
1. I see a downward trend continuation after formation of a Descending Triangle there.
2. Price is expected to go down to Support Level at 1.38067 and retrace a bit back to current price before gaining momentum downwards to Support Level 1.35710.
Requests:
1. Please comment with advise on;
a) My trends line (if they're drawn well)
b) best chart settings/time-frames to do analysis on
c) the perfect way to analyze charts.
Thank you.